Indonesia based Bibit, a Digital Investment App Provider, Secures $65M via Round led by Sequoia Capital India
Indonesia-based
Bibit.id, a digital investment app provider, has reportedly secured $65 million in capital via a round led by
Sequoia Capital India.
Prosus Ventures,
AC Ventures and
East Ventures also took part in the round.
Bibit’s management noted that the funds raised will be used to develop new products, enhance technology development, recruit talented professionals, and make significant investments to support financial education and also help with further improving its platform.
Established in 2019, Bibit is a mutual fund Robo-advisory service that assists investors with maintaining portfolios according to their individual risk profiles and investment goals in a simple and efficient manner. Bibit’s user base includes 90% Millennials and also first-time or inexperienced investors.